In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
Move comes after the country's monetary authority tightened credit norms
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
While hybrids, CNG and biofuels found favour in 2018 among many carmakers including Maruti Suzuki, Mercedes-Benz, Toyota and Honda, others such as M&M and Tata Motors have shown full faith in electric vehicles.
Exchange used new investors' money to pay returns to old ones, finds FMC's forensic audit.
BS Annual Awards 2014: Power-packed jury picks the best 7 of corporate India
Market breadth is positive with 942 advances and 196 declines.
Public general insurance companies to collaborate for speedy settlement of claims
Jaitley's Budget has the potential to change the face of Modi's Bharat
Manufacturing in India accounts for about 16% of GDP.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the Initial Public Offer (IPO) space wherein companies mopped up more than Rs 1.2 lakh crore this year even as pandemic gloom shadowed the broader economy. In 2022, the higher amount of funds through the primary market will be largely driven by the mega IPO of state-owned Life Insurance Corp (LIC).
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
Jimmy Patel, MD & CEO, Quantum Mutual Fund, suggests some valuable financial gifts for your children.
The new Elantra is 40 mm longer and 25 mm wider than the outgoing model
In the coming months, Lever Ayush will venture into categories beyond soaps, shampoos, toothpastes, lotions and moisturisers, its current segments of operation, as it seeks to give the brand a horizontal push.
'Children should include their parents in the group health insurance cover provided by the employer at the earliest.' 'However, the elderly should not depend on it alone and should also buy a personal health cover,' suggests Sanjay Kumar Singh.
Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
YES Bank raises base rate; HDFC Bank, Axis hike deposit rates.
CMC has strong presence in the domestic market. It certainly compliments TCS.
Budget should be a platform for govt to take bold steps.
'We expect the new government to look into the issue of penalties imposed on technology firms involved in UID related projects.'
Chances of staying true to your goals tend to be high when you don't lose sight of what you set out to achieve, advises Arun Thukral, MD & CEO, Axis Securities.
Bharti will move FIPB soon for increasing Axa's stake to 49%
Even erstwhile independent directors were being paid substantial remuneration including commission. The median annual salary of IL&FS employees was Rs 13.1 lakh.
Nifty has a virtual monopoly in the index derivatives segment.
Irdai's push will make insurance cheaper for consumers and enable a consolidated view of all policies.
The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
The airline re-built the flight schedule and refunded passengers.
Post graduate colleges are aggressively tying up with banks to introduce banking courses.
The rally followed the govt's plan to bolster state-owned lenders.
Investor forum wants govt to take over exchange, raises doubts on claims of matching stocks; NSEL says default by brokers to be dealt with legally.
This Children's Day, groom your child to be financially responsible, says Arun Thukral, MD & CEO, Axis Securities.
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
On one hand, Limaye will have to battle legacy issues, while, on the other hand, he will have to ensure that the exchange is able to maintain its leadership position.
Advertising taglines such as 'Bright in studies, bright in sports' attempted to drive home the message that Bournvita, a chocolate drink, could build a child's mental and physical faculties.
Only 2.3% of the Indian workforce has undergone formal skill training, as compared to 68% in UK and 52% in the US
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.